question archive Sub-Continent is one of the major exporter in service to all over the world
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Sub-Continent is one of the major exporter in service to all over the world. Being international business student you are required explain that Pakistan may avail which type of advantage in servies export and how?
Since Pakistan presumably is efficient at services requiring abundant amounts of intellectual
capacity as well as specialized knowledge coming from advanced studies, Pakistan would be
well-advised to take advantage of its vast reservoir of intelligent young college students with
degrees to focus on the services which uses such resources intensively. Recommended services
would be to generate patents for sophisticated products such as medicine or advanced engineering
and scientific software. The country can also provide sophisticated design services useful in manufacturing.
Pakistan is also fortunate in possessing skilled manpower available at
a relatively lower cost in comparison to other advanced countries like Germany or the UK or the US. Therefor
Pakistan is well set up to export services in the financial and insurance industries.
In general Pakistan possesses a comparative advantage in producing all those services which require
intelligence- and labor-intensive technologies.